About Nicore India Private Limited
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Nicore India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 07 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31900KA2018PTC109996. Its GSTIN is 29AAFCN9289E1ZV (Karnataka).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.24 Cr. It is led by directors including Xiwang Zhang and Yunfeng Zhang.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 139/2 (New No. 5265/601) Anekal Bangalore Main Road Jigani Anekal Taluk, Karnataka, India – 560105.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.6 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹4.72 Cr (net margin -102.7%) and EBITDA of -₹3.73 Cr (EBITDA margin -81.2%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 17% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nicore India.
For more details, the company can be reached via its website nicoreindia.com.
Company details
Contact details
Nicore India Private Limited's registered office is in Bangalore, Karnataka. Its website is nicoreindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address139/2 (New No. 5265/601) Anekal Bangalore Main Road Jigani Anekal Taluk, Karnataka, India – 560105
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Nicore India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Nicore India operates one associated brand: Nicore India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of transformer cores and provision of related services. | nicoreindia.com |
Business activity
The main business activity of Nicore India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Nicore India Private Limited, buy the company report.
Financials of Nicore India Private Limited
FY 2025 filings availableNicore India Private Limited reported revenue of ₹4.6 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 44% fall in the latest year. EBITDA fell 126% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.73 Cr | ||||
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| Net Profit (PAT) | -₹4.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -81.2% | ||||
| Net Profit Margin | -102.7% | ||||
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To see the full financial statements and ratios of Nicore India Private Limited, buy the company report.
Board of directors of Nicore India Private Limited
Nicore India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Xiwang Zhang | Director | 16 Feb 2018 | 8 Years 8 Months | Current |
| Yunfeng Zhang | Director | 02 Dec 2019 | 6 Years 10 Months | Current |
| Balasubramanian Banumathi | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
Shareholding
The shareholding of Nicore India Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Nicore India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nicore India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nicore India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nicore India Private Limited has a workforce of 18 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Nicore India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN9289E1ZV | Karnataka | Active | 20 Mar 2018 |
To see the full GST registrations and return filing status of Nicore India Private Limited, buy the company report.
Recent activity
Nicore India Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Balasubramanian Banumathi was appointed as Director on 06 Jan 2026.
Frequently asked questions
Nicore India is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 07 February 2018 (8+ years old) and is registered under CIN U31900KA2018PTC109996.
Nicore India has 3 current directors:
- Xiwang Zhang - Director
- Yunfeng Zhang - Director
- Balasubramanian Banumathi - Director
The latest financial statements of Nicore India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Nicore India is 29AAFCN9289E1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Nicore India is U31900KA2018PTC109996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nicore India was incorporated on 07 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Balasubramanian Banumathi was appointed as Director on 06 Jan 2026. Yunfeng Zhang was appointed as Director on 02 Dec 2019. Xiwang Zhang ceased to be Director on 01 Dec 2019. Nicore India has 6 board changes on record in total.
Nicore India can be reached through the website nicoreindia.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nicore India is at 1392 New No. 5265601 Anekal Bangalore Main Road Jigani Anekal Taluk, Karnataka, India – 560105.
Nicore India operates in the machinery and equipment industry, in the industrial machine tools segment.